GP ECO SOLUTIONS INDIA Limited IPO GMP

GP ECO SOLUTIONS INDIA LIMITED specializes in delivering "Cutting-edge, High-Quality Solar Energy Products” directly to consumers via a network of Solar System Integrators, Channel Partners, and Installers.

GPES Solar IPO, a Book Built issue amounting to  ₹ 30.79 crores, consisting entirely of a fresh issue of 32.76 lakh shares. The subscription period for the GPES Solar IPO opens on June 14, 2024, and closes on June 19, 2024. The allotment is expected to be finalized on or about Thursday 20th June, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Monday, 24 th June, 2024.

The price band of GPES Solar IPO is set at ₹90 to ₹94 per share, with a minimum lot size of 1200 shares. Retail investors are required to invest a minimum of ₹112,800, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2400 shares), amounting to ₹225,600.

CORPORATE CAPITALVENTURES PRIVATE LIMITED is the book-running lead manager, BIGSHARE SERVICES PRIVATE LIMITED is the registrar. S S Corporate Securities Limited is also the market maker for the GP Eco Solutions IPO.

Grey Market Premium (GMP) of GP Eco Solutions India Limited

The Grey Market Premium of GP Eco Solution IPO is expected in the range of Rs 140 - Rs. 150 based on the financial performance and subscription status of the company. As of 05:50 PM on 18 June 2024, the GP Eco Solution IPO subscription status shows that the IPO oversubcribed 228 times on NSE. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Objectives of GP Eco Solutions India Limited

GPES intends to utilize the Net Fresh Issue Proceeds for the following Objects:
1) To Meet Working Capital requirements of the Company “GP Eco Solutions”
2) Investment in our subsidiary, Invergy India Private Limited (“IIPL”) in relation to Purchase of Plant & Machineries and other Miscellaneous Assets and also towards Construction / Civil Works for its facility
3) General Corporate Expenses. 

Refer to GP Eco Solutions India Limited RHP for more details about the Company.